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Recent business law questions
I'm bringing on a new partner to my S-Corp to have 30%
I'm bringing on a new partner to my S-Corp to have 30% stake in the company. Currently, I own 70%, and the company owns 30%. We'd like to change it to the company = 10%; new partner = 30%; and I = 60%. Is there an easy way to accomplish this? Do I need to sell him 10%, and then have the company sell him 20%? Or is there a method to just do one transaction for him?
State: DE What document do I need to sign when I incorporate
State: DEWhat document do I need to sign when I incorporate and purchase shares for my company as a founder? If you have a boilerplate agreement please send. Also, can I purchase said ownership by depositing cash into the account if it is stated in document or do I need to submit a personal check to the business? Do the other co-founders have to sign the same type of document?
Im am the operations manager with a company who;s president
im am the operations manager with a company who;s president wants me to run the everyday operations which include paying payroll and handling the business chores ;or in otherwords take over the company by power of attorney how do i go about getting this done .
, what are the steps to sell/transfer shares from a private
Hi, what are the steps to sell/transfer shares from a private US corporation (formed in DE that has the US & European shareholders) to a privately held Irish company. Thank you,Hi, what are the steps to sell/transfer shares from a private US corporation (formed in DE that has the US & European shareholders) to a privately held Irish company. Thank you
I want to buy a business but I need to be a limited partnership.
I want to buy a business but I need to be a limited partnership. If I own 90% of the stocks and my partners is 10% Am I legally considered a limited partner in this company? the reason is that I own a franchise business that allows me to buy other non-competitive business as a passive investor only. So, the new business will be run by my partner and will be only part of the business.
I am the CFO of a small/medium home health care company that
I am the CFO of a small/medium home health care company that does about $ 14 Million per year in Gross revenue. We are beginning to talk with potential buyers of the companyand I'm thinking about kinds of due diligence questions they might ask. Can you tell me what you think would be the top 10 questions they might ask after we have already shown them our financials for the last 5 years? What are critical areas to talk about with them and how would you answer the question from a potential buyer of "What is the selling price of the company"? The company has about $ 2 Million in sellers discretionery earnings (SDE) per year weighted average last three years. It will be a stock sale based on SDE.
I bought and set up a Wyoming corp. My partner and I workedView more business law questions
I bought and set up a Wyoming corp. My partner and I worked for about two years. I have 59% he has 39% and his now ex-fiance has 2%. He has been taking money out of the corporations bank account for his own use. I have been paying the bills for the "c" corporation and I am quitting it. I have told him he can have the company and I would sign over my stock to him. What do I need to do besides signing over the stock I have to him?